Magna Powertrain

Activity by year

2017201820192020202120222023202420252026

ContractProduct launchAcquisition

Feb 12, 2019ACQUISITION
Rico Auto Industries to acquire Magna Powertrain joint venture
Rico Auto Industries Ltd. and its subsidiary Rasa Autocom Ltd. will acquire the equity shares in the 50:50 joint venture Magna Powertrain GMBH, making it a wholly-owned subsidiary.
Magna Powertrain target Rico Auto Industries acquirer Rasa Autocom acquirer #Automotive Components insights.dsij.in
Dec 12, 2018PRODUCT LAUNCHAsan, South Korea, South Korea
Hyundai Wia starts mass production of electric AWD coupling in Korea
Hyundai Wia has started mass producing electric couplings for all-wheel-drive systems at its joint venture Wia Magna Powertrain Corp. in Asan, South Korea, with plans to reach 700,000 units per year by 2024.
Hyundai Wia Magna International partner Magna Powertrain partner #Automotive Components pulse.mk.co.kr
Dec 11, 2017CONTRACTMexico, Germany, Austria, Mexico$51.0M
ADVIK Hi-Tech wins $51 million driveline oil pumps order from Magna Powertrain
ADVIK Hi-Tech won six orders for transmission oil pumps from Magna Powertrain, estimated to generate $51 million in revenue over its lifetime, with production starting in 2018 for assembly in Mexico, Germany, and Austria.
Advik Hi-Tech supplier Magna International partner Magna Powertrain customer Trochocentric GmbH partner #Automotive Components thehindubusinessline.com

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